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I wonder if the VCs now regret just giving the company back to the founder who lost their money. $11m revenue growing this fast is a lot.
by spoonjim 6y ago
I wonder if the VCs now regret just giving the company back to the founder who lost their money. $11m revenue growing this fast is a lot.
- yawnxyz 6y agoI don't think they would, since I don't think Gumroad is growing at any VCs' expected pace, even though they're doing well
- PedroBatista 6y agoVCs LOVE this! Not only they underwrote the losses but also were presented with an "interesting" experiment. You can bet Gumroad's case will be "studied" and pushed to other companies with VC money in similar situations ( but this time I don't think they'll let go the money invested )